Employee Stock Option/ Share Scheme::GRANT OF OPTIONS PURSUANT TO THE BLUMONT EMPLOYEE SHARE OPTION SCHEME 2013
June 17, 2021 at 07:12 am
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BLUMONT GROUP LTD.
(Company Registration No. 199302554G)
(Incorporated in the Republic of Singapore)
GRANT OF OPTIONS PURSUANT TO THE
BLUMONT EMPLOYEE SHARE OPTION SCHEME 2013
In accordance with Rule 704(29) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST"), the board of directors ("Board") of Blumont Group Ltd. (the "Company") wishes to announce that on 16 June 2021 ("Date of Grant"), the Company has made grants of options in respect of ordinary shares in the capital of the Company ("Options") pursuant to the Company's Employee Share Option Scheme 2013 ("Blumont ESOS 2013") to various persons. The grant and exercise of these Options under the Blumont ESOS 2013 are subject to the acceptances of the various persons granted the Options under the Blumont ESOS 2013.
The details of the grant of Options under the Blumont ESOS 2013 are set out below:
Date of grant
:
17 June 2021
Number of shares under
:
1,160,000,000 in total, of which 580,000,000 were granted as
Options granted
Market Price Options and 580,000,000 were granted as
Discount Options.
Exercise price of shares under
:
For Market Price Options - S$0.004 per ordinary share
Options granted
For Market Price Options, the exercise price per ordinary share
is equal to the average of the last dealt prices for a Share on
the SGX-ST over the three (3) consecutive Market Days
immediately preceding the Date of Grant of an Option, as
determined by reference to the daily official list or any other
publication published by the SGX-ST, rounded to the nearest
third decimal place in the event of fractional prices, provided
that in the case of a Market Day on which the Shares were not
traded on the SGX-ST, the last dealt price for Shares on such
Market Day shall be deemed to be the last dealt price of the
Shares on the immediately preceding Market Day on which the
Shares were traded.
For Discount Options - S$0.0032 per ordinary share
For Discount Options, the exercise price per ordinary share is
the price equal to a 20% discount to the Market Price, being the
maximum discount permitted under the Rules of the Blumont
ESOS 2013 and permitted by the SGX-ST.
Market price of shares on the
:
S$0.004 per ordinary share
Date of Grant
Number of Options granted to
:
Options granted to directors:
each director and controlling
1.
Alan Chin Yu - 147,000,000
shareholder (and each of their
2.
John Lee Yow Meng - 147,000,000
associates)
3.
Siaw Lu Howe - 100,000,000
4.
Tan Gim Kang - 65,000,000
5.
Aris Muhammad Rizal - 40,000,000
6.
Ng Keok Chai - 60,000,000
Validity period of the Options
:
For Market Price Options - From the first anniversary of the
date of grant to the fifth anniversary from the date of grant for
non-executive directors and the tenth anniversary for group
employees (i.e. executive directors and staffs).
For Discount Price Options - From the second anniversary of
the date of grant to the fifth anniversary from the date of grant
for non-executive directors and the tenth anniversary for group
employees (i.e. executive directors and staffs).
By Order of the Board of
Blumont Group Ltd.
Siaw Lu Howe
Non-Executive Chairman
17 June 2021
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Blumont Group Ltd. published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 11:11:02 UTC.
Southern Archipelago Ltd. is a Singapore-based investment holding company. The Company's segments include Investment holding, Sterilisation, Property, and Hospitality and wellness. Its Investment holding segment invests in transferable securities including marketable shares, warrants and debentures. Its Sterilisation segment provides contract sterilization and polymerization services to food packaging, medical devices, cosmetic raw materials, and consumers products. The Company's Property segment is engaged in the development of property for sale, long-term holding of property for rental and related income. The Company's Hospitality and wellness is involved in the provision of hotel management and wellness services. The Company operates in three geographical areas: Singapore, Malaysia, and Indonesia. The Company's subsidiaries include Adroit Innovations Investment Pte. Ltd., Tria Holdings Pte. Ltd., and Asphere Holdings Pte. Ltd., Ltd., and Asphere Holdings Pte. Ltd.